What will the additional cost of the optimal plan be

Assignment Help Operation Management
Reference no: EM131763464

Given the following information set up the problem in a transportation table and solve for the minimum-cost plan: PERIOD 1 2 3 Demand 550 700 750 Capacity Regular 500 500 440 Overtime 50 50 50 Subcontract 120 120 100 Beginning inventory 100 Costs Regular time $ 60 per unit Overtime $ 80 per unit Subcontract $ 90 per unit Inventory carrying cost $ 1 per unit per month Back-order cost $ 3 per unit per month Suppose that an inventory carrying cost is increased $2 per unit per period. What will the additional cost of the optimal plan be? (Omit the "$" sign in your response.) Additional cost $.

Reference no: EM131763464

Questions Cloud

What is the final amount of the loan payable : What is the final amount of the loan payable that Duck will show on its books, in dollars, just before it repays the loan
What is the monthly payment of the new loan : Walsh university is considering building a new Student Center. The cost building this new Students center is estimated to be 20000000.
What annual interest rate is paul charging you : Financing is available, and the terms are 10% down and payments of $65.00 a month for 40 months. What annual interest rate is Paul charging you?
Analyze what are the pros and cons to living in a society : Analyze what are the pros and cons to living in a society where the rule of man dominates the legal system? Would the rule of man be a better system?
What will the additional cost of the optimal plan be : Suppose that an inventory carrying cost is increased $2 per unit per period. What will the additional cost of the optimal plan be?
Exercise of the call option : What is the maximum strike price where it could be possible that early exercise of the call option is? optimal?
What is moral arithmetic and why is it either good or bad : What is moral arithmetic, and why is it either good or bad? Give an example of moral arithmetic.
Compute depreciation expense on the machinery : Question - Changes in depreciation methods, estimates. Prepare the journal entry necessary to record the depreciation expense on the building in 2008
Determine the optimal contribution margin per pound : Determine the optimal contribution margin per pound of each product and in a total for a week. Why did you handle joint cost the way you did?

Reviews

Write a Review

Operation Management Questions & Answers

  Persons internalized needs and external influences

"Motivation is the result of the interaction between a person's internalized needs and external influences that determine behavior." How could you support this statement? How does it work for you? Could you present certain specific examples/situation..

  Undertaken with intention of improving the quality of life

Social regulation is undertaken with the intention of improving the quality of life. The agencies most people are familiar with include:

  Clarify the warranty coverage and cost

A 50-person office needs a new color printer to prepare high-speed, multi-page reports for staff projects. The printer must be able to handle both high quality and draft quality color printing back-to-back pages.

  Describe mary optimal decision strategy also its possible

Describe Mary's optimal decision strategy also its possible consequences utilizing the decision tree below. Do not forget to discuss the risks associated with the optimal decision strategy.

  Ongoing health care reform creates a system

Ongoing health care reform creates a system that is always changing.

  Prepare a product by value analysis

Prepare a product-by-value analysis for the following products, and given the position in its life cycle, identify the issues likely to confront the operations manager, and his or her possible actions.

  Experienced cultural incompetence in delivery of health care

Describe a time when you witnessed or experienced cultural incompetence in the delivery of health care. Knowing what you now know, discuss what you think could have been done to avoid that incident?

  Qualities of a project manager

Research the Phase Resources to research the role of the project manager, and then write a 150-word summary of the role of a project manager based on what you know. Include how skills, such as technical skills, effective problem-solving skills, and i..

  What is the freight rate in both volume and weight

In this hypothetical situation, you are responsible for shipping material that is measured as volumetric cargo – CBM, which stands for Cubic Meter, to be calculated as length X width X height. Also assume that you will get charged per Freight Ton. If..

  Manufacturer wants to maximize the profit of two products

A manufacturer wants to maximize the profit of two products. Product I fields a profit of $ 1.50 per unit, and product II yields a profit of 52.00 per unit. The production level of product I is less than or ethical to 600 units plus three times the p..

  Which option would be more cost-effective

A designer estimates that she can (a) increase the average time between failures of a part by 5% at a cost of $450, or (b) reduce the average repair time by 10%at a cost of $200. Which option would be more cost-effective?

  Define a bottleneck and a non-bottleneck resource

Find an article online that discusses OBJECTIVE that you picked. Define a bottleneck and a non-bottleneck resource.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd